Bullish trend continues at PSX as market crosses 72 thousand mark
ISLAMABAD: The 100-Index of Pakistan Stock Exchange (PSX) turned around to bullish trend on Wednesday, gaining 692.49 points, closing at 72,051.89 points A total of...
Business community is backbone of the country’s economy: PM Shahbaz
KARACHI: Prime Minister Muhammad Shehbaz Sharif on Wednesday expressed his confidence that volume of Pakistan’s exports would be doubled over the next five years with...
Govt committed to implement minimum wages: Finance Minister Aurangzeb
ISLAMABAD: The National Assembly on Tuesday adopted a resolution urging the government to ensure the payment of minimum wages in both government-run departments and private...
Pakistan may lose around 50 billion if 10 sticks cigarette packs are allowed
Islamabad: Expressing profound concern, health activists questioned recent efforts by the tobacco industry to introduce 10-stick packs. This move, according to the activists, not only...
Biggest drop record in gold prices in Pakistan
Karachi: Gold prices in Pakistan experienced a significant decline on Tuesday dipping by Rs 7,800 per tola – the major single-day decline in recent times....
$258m Record Foreign direct investment in March
KARACHI: Foreign Direct Investment (FDI) jumped by 51.7 per cent to $258 million in March compared to $170m in the same month last year. Analysts...
PSX crosses historic benchmark of 71,500 points.
KARACHI: The Pakistan Stock Exchange set a new record in the country’s financial history. Investors rejoiced as the Pakistan Stock Exchange crossed the limit of...
Dollar value increase by 13 paisa in interbank
KARACHI: The United States dollar price up by 13 paisa in the interbank to Rs. 278.20 According to the Exchange Companies Associations the dollar value...
Uniform tax be implemented on cigarettes regardless of their national or multinational brand: Expert
Islamabad: It is encouraging that Finance Minister Muhammad Aurangzeb has given out hope to the masses that the country could get $3 billion package from...
Iran to take mutual trade volume to 10 bln dollars with Pakistan: Irani President
Tehran: Iranian President Dr Dr. Seyyed Ebrahim Raisi said that the country will take volume of mutual trade to 10 billion dollars. Addressing a presser...
Gold rates dip by Rs.3,500 per tola
ISLAMABAD:The per tola price of 24 karat gold decreased by Rs.3,500 and was sold at Rs.248,700 on Monday. The All Sindh Sarafa Jewellers Association reported...
FED increase on cigarette a must to check rising consumption
Islamabad : Snowballing economic burden in terms of public health and economic costs due to rising cigarette consumption has prompted health experts to demand implementation...
Gold price shoot up again in Pakistan by Rs. 1500 per tola
KARACHI: The rate of gold increased by Rs.1500 per tola to Rs.2,52,200 As per All Pakistan Gems and Jewelers Association, the gold price increased across...
X services restored across the Pakistan.
WEB DESK: The social media platform services was banned in Pakistan, now the X platform restored across the country. The services of X, formerly called...
PSX experience bullish trend on Friday.
KARACHI: The Pakistan Stock Exchange seen positive trend on the last day of business week. The Pakistan Stock Exchange witnessed a positive trend with the...
US dollar value minor dip by 2 paisa against PKR
KARACHI: In the currency market dollar price decreased by 2 paisa against Pakistani Rupee. The United State dollar value little dip by 2 paisa against...
Gold rate up again by Rs.500 per tola
KARACHI: In the gold market the rate of gold increased again by Rs.500 per tola. The gold price up again by Rs. 500 per tola...
Saudi Arabia to Invest $1 bln in Pakistan mine
ISLAMABAD: The kingdom of Saudi Arabia will invest $1 billion in Pakistan mine, Reko Diq copper and gold mining project. Saudi Arabia revealed interest to...
PSX witness mixed trend, lost 43 marks.
KARACHI: The Pakistan Stock Exchange witnessed mix trend on the 4th day of business week. On the 4th day of business week Pakistan Stock Exchange...
PKR experience a depreciation by 4 paisa against US dollar.
KARACHI: The United State dollar value increased by 4 paisa against Pak Rupee in interbank. In Thursday’s interbank session, the Pakistani rupee (PKR) experienced a...
High FED rates on cigarettes: a win-win for revenue and public health
Islamabad: The government’s decision to raise the Federal Excise Duty (FED) on cigarettes has yielded a notable increase in revenue while simultaneously contributing to a...
Gold rates dip by Rs 1,700 per tola
ISLAMABAD: The per tola price of 24 karat gold witnessed a decrease of Rs 1,700 and was sold at Rs 250,200 on Thursday. The price...
Finance Minister rules out rupee devaluation in talks with IMF
Washington: Finance Minister Muhammad Aurangzeb has ruled out any further significant rupee devaluation ahead of talks with International Monetary Fund. Speaking at roundtable meeting with...
Business community expresses concerns on playing with rules, regulations for trade allegedly by cigarette companies
Islamabad The concern about playing with rules and regulations for business and trade allegedly by cigarette companies has been rising with each passing day. The...
High Tobacco tax reduces cigarette consumption
Islamabad: The consumption of cigarettes in Pakistan has witnessed a significant decline after the government took a bold decision to increase taxes and address the...
Pakistan committed to economic reform to sustainable economic development: Aurangzeb
ISLAMABAD: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Wednesday said the government is committed to economic reform to sustainable economic development in the...
Rupee strengthens against US dollar in Inter-bank and open market
ISLAMABAD:Pakistani Rupee on Wednesday depreciated by 10 paisa against the US dollar in the inter-bank trading and closed at Rs 278.39. On the other hand,...
PSX witnesses bearish trend today as 100 index loses 150 points
ISLAMABAD: The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Wednesday, losing 150.34 points, a negative change of 0.21 percent, closing at...
Surplus sugar’s export to be linked with price stability: Advisory Board
Islamabad: Sugar Advisory Board at its meeting chaired by Minister for Industries and Production, Rana Tanveer Hussain in Islamabad today decided to link export of...
Gold Price shoot up again by Rs.2400 per tola
KARACHI: In the gold market the price of gold up by Rs.2400 to Rs.2,49,700 per tola. The price of gold increased by Rs.2400 to Rs.2,49.700...
Dollar Price upward trajectory for the second consecutive day.
KARACHI: The United State dollar value increased against Pakistani Rupee by 17 paisa in the interbank to Rs.278.29 In the currency market dollar value increased...
Petrol price increase again by Rs. 4.53 per litre.
ISLAMABAD: The federal government increase the petrol and diesel price by Rs.4.53 and 8.14 respectively. Shehbaz’s government has increased the price of Petrol and diesel...
Finance Minister highlights road-map to address economic challenges In Washington
WASHINGTON: Federal Minister for Finance and Revenue Muhammad Aurangzeb, who is leading a Pakistan delegation in the IMF and World Bank-2024 Spring Meetings in Washington...
PSX achieves historic milestone today as 100 Index crosses 71000 mark
Karachi: Pakistan Stock Exchange on Tuesday achieved a historic milestone as 100-index crossed limit of 71000. Definetly the PSX has gotten a sucess owing to...
Pakistan initiates discussions with IMF over new loan agreement: Finance Minister
Washington: Minister for Finance Muhammad Aurangzeb says the United States is the largest trading partner of Pakistan and it has always supported us in terms...
PM expresses desire to enhance bilateral cooperation with Saudi Arabia in trade,investment
Islamabad: Prime Minister Muhammad Shehbaz Sharif has expressed Pakistan’s desire to further enhance bilateral cooperation with Saudi Arabia in the fields of trade and investment....
US dollar up again by 29 paisa in the currency market.
KARACHI: The United state dollar value increased by 29 paisa in the interbank to Rs.278.12 In the currency market the dollar value up by 29...
PSX gains 229 more points, closes at 70,608 points
KARACHI: On the first day of business week Pakistan Stock Exchange witnessed positive trend, gained 229 points. Pakistan Stock Exchange seen to be positive trend...
Gold rates up by Rs 800 per tola
ISLAMABAD: The per tola price of 24 karat gold witnessed an increase of Rs 800 and was sold at Rs 247,300 on Monday. The price...
Finance Minister arrives in US to participate in meetings of IMF, World Bank
Washington: Finance Minister Muhammad Aurangzeb has arrived in Washington D.C, United States to participate in the spring meetings of IMF and World Bank. On arrival...
High-level delegation led by Saudi Foreign Minister to arrive in Pakistan today
Islamabad: A high-level Saudi delegation, led by Foreign Minister Prince Faisal bin Farhan bin Abdullah is visiting Pakistan from tomorrow. The visit takes place essentially...
KSA to invest $7 billion in various sectors in Pakistan.
ISLAMABAD: The Saudi Arabia has pledged to invest $7 billion in various sectors in Pakistan, High level Saudi delegation led by foreign minister scheduled to...
Finance Minister leaves for US in bid to negotiate with global lender.
ISLAMABAD: The Finance Minister Muhammad Aurangzeb depart for United State along with delegation in a bid to negotiate with International Monetary Fund (IMF) As per...
Pakistan Pay back $1 billion in Eurobonds.
KARACHI: The State Bank of Pakistan has repaid $1 billion in Eurobonds. Finance Minister Muhammad Aurangzeb is due to leave on Sunday for Washington to...
Gold price sudden fall after reaching all time high.
KARACHI: The gold price decreased in the gold market after reaching all time high. The gold rate in Pakistan saw some correction after hitting all...
Single-tier structure and high taxes: the recipe to curb cigarette consumption
Islamabad – In a bid to combat the alarming rates of cigarette consumption in Pakistan, experts and health advocates have put their weight behind the...
Finance Minister departs for US tomorrow on one week visit
Islamabad: Federal Minister for finance Muhammad Aurangzaib will depart for his a one week visit to America. The aim of the Finance Minister visit is...
Governor Sindh demands SIFC to take over Karachi law and order into its hands
Karachi: Governor Sindh Kamran Tessori has demanded the Special Investment Fecilitations Council (SIFC) to take over Karachi’s law and order situation into its hands as...
In a first PSX 100-Index crosses 70,000 mark after uptick of 694 points
Karachi: In a first Pakistan Stock Exchange 100 index on Tuesday crossed historic 70,000 after an uptick of 694 points. Super bullish trend prevailed on...
Pakistan, KSA vow to fast-tracking $5b Saudi investment in Pakistan
Makkah: Pakistan and Saudi Arabia have affirmed their commitment to expediting the first wave of Saudi investment worth 5 billion dollars in Pakistan. This was...